Carrier Reports Strong 2024 Results and Announces 2025 Outlook

Core Insights - Carrier Global Corporation reported strong financial results for Q4 and full year 2024, highlighting a transformational year with significant growth and strategic acquisitions [2][3][7] Q4 2024 Highlights - Q4 sales reached $5.1 billion, a 19% increase year-over-year, driven by 6% organic growth and a 13% contribution from acquisitions and divestitures [3][4] - The HVAC segment saw an 11% organic sales increase, with high-teens growth in the Americas, while refrigeration sales declined by 6% organically [4][5] - Adjusted operating profit for Q4 was$ 678 million, a 65% increase, attributed to the integration of Viessmann Climate Solutions and organic growth [5][6] Full Year 2024 Highlights - Total sales for 2024 were $22.5 billion, up 19% from the previous year, with 3% organic growth and a 16% impact from acquisitions and divestitures [7][8] - GAAP operating profit increased by 23% to$ 2.6 billion, while adjusted operating profit rose 34% to $3.5 billion [7][8] - The company returned approximately$ 2.6 billion to shareholders, including $0.7 billion in dividends and$ 1.9 billion in share repurchases [11] 2025 Guidance - Carrier projects accelerated organic growth in 2025, supported by ongoing innovation and a commitment to double-digit aftermarket growth [9][12] - Expected sales for 2025 are projected between $22.5 billion and$ 23.0 billion, with adjusted EPS anticipated to be between $2.95 and$ 3.05, reflecting a mid to high-teens growth [12][13]